Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1973.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
16 people listed on the 990; $563K paid to officers and key staff.
Tammy Thayer’s $252K as Chief Executive Officer is at the 91st percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Tammy Thayer | $252,436 | $240,626 | $240,737 | $219,155 | $214,391 | $207,577 |
| Chad Margenau | $160,317 | $156,236 | $147,319 | $142,232 | $102,142 | — |
| Bryan Woodhouse | $150,541 | — | — | — | — | — |
| Margaret Kratz | — | — | $100,017 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Madison Area Technical College Foundation INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Supports Madison College and its students through donations and resources.
Questions for Madison Area Technical College Foundation INC
Your first name shows with your question. Madison Area Technical College Foundation INC answers here, for everyone.
Scholarships
Madison area technical college foundation, inc. Provides scholarships solely for students of the madison area technical college. School scholarships help students afford access to the college and reward academic excellence.
General Program Activities
Madison area technical college foundation manages program funds on behalf of madison college departments to support their fundraising efforts.
Grants
Madison area technical college foundation, inc. Provides small amounts of financial assistance to retain students who are enrolled but encounter financial emergencies for which the students do not have other resources.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $15.0M | $13.5M | $12.3M | $10.5M | $12.1M |
| Given inLn 1b | $411K | $249K | $1.4M | $523K | $543K |
| SpentLn 1d–1f | $673K | $640K | $554K | $582K | $540K |
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.2M | $2.3M |
| InvestmentsLn 11–13 | $17.4M | $19.7M |
| Land, buildings, equipmentLn 10c | $3.0M | $2.9M |
| Total assetsLn 16 | $26.4M | $27.2M |
| LiabilitiesLn 26 | $1.4M | $1.9M |
| Net assetsLn 32 | $25.0M | $25.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $3.1M | $3.1M | ||
| Grants to domestic individualsLn 2 | $2.6M | $2.6M | ||
| Pay of current officers, directors and key staffLn 5 | $297K | $66K | $128K | $103K |
| Other salaries and wagesLn 7 | $653K | $97K | $294K | $262K |
| Pension plan contributionsLn 8 | $35K | $8K | $15K | $12K |
| Other employee benefitsLn 9 | $75K | $16K | $32K | $26K |
| Payroll taxesLn 10 | $64K | $11K | $29K | $24K |
| Legal feesLn 11b | $5K | $5K | ||
| Accounting feesLn 11c | $22K | $22K | ||
| Investment management feesLn 11f | $9K | $9K | ||
| Other fees for servicesLn 11g | $61K | $12K | $50K | |
| Advertising and promotionLn 12 | $36K | $36K | ||
| Office expensesLn 13 | $10K | $10K | ||
| Information technologyLn 14 | $58K | $22K | $22K | $14K |
| OccupancyLn 16 | $87K | $87K | ||
| TravelLn 17 | $38K | $31K | $7K | |
| Conferences, conventions and meetingsLn 19 | $16K | $16K | ||
| Depreciation, depletion and amortizationLn 22 | $132K | $132K | ||
| InsuranceLn 23 | $18K | $18K | ||
| Other expenses (24a–d)Ln 24 | $394K | $394K | ||
| All other expensesLn 24e | $27K | $27K | ||
| Total functional expensesLn 25 | $7.7M | $6.3M | $900K | $524K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Apr 16, 2026 | $6.8M | $7.7M | −$963K | $25.3M | 990 PDF |
| FY2024Filed with the IRS Apr 29, 2025 | $5.0M | $3.7M | $1.3M | $25.0M | 990 PDF |
| FY2023Filed with the IRS Apr 14, 2024 | $5.5M | $3.3M | $2.2M | $22.3M | 990 PDF |
| FY2022Filed with the IRS Nov 7, 2022 | $4.2M | $2.7M | $1.5M | $19.5M | 990 PDF |
| FY2021Filed with the IRS Mar 9, 2022 | $5.5M | $4.1M | $1.4M | $20.7M | 990 PDF |
| FY2020Filed with the IRS Feb 22, 2021 | $4.9M | $2.6M | $2.3M | $16.8M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $6,768,986 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, no flags
Part VIII · Statement of revenue $6,768,986 across 7 lines filed
Part IX · Statement of functional expenses $7,731,708 across 21 lines filed
Part X · Balance sheet $27,208,443 assets, 19 lines filed
Part XI · Reconciliation of net assets $25,261,828 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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